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Overseas Chinese Town (Asia) Holdings Limited 華僑城（亞洲）控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 03366)

RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 31 DECEMBER 2020

The Board is pleased to announce that the resolution as set out in the EGM Notice was duly passed at the EGM held on 31 December 2020.

Reference is made to the notice (the “EGM Notice”) of the extraordinary general meeting (the “EGM”) dated 15 December 2020 of (Asia) Holdings Limited (the “Company”, together with its subsidiaries, collectively known as the “Group”) and the circular of the Company dated 15 December 2020 (the “Circular”). Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Circular.

RESULTS OF THE EGM

At the EGM held at the conference room of the Company on 3/F., Jacaranda IBC, OCT Harbour, Baishi Road, Nanshan District, , , on Thursday, 31 December 2020 at 9:00 a.m., the resolution as set out in the EGM Notice (the “Resolution”) was approved by the Shareholders by poll. The Board is pleased to announce the poll result in respect of the Resolution passed at the EGM as follows:

- 1 - Number of Votes (%) Ordinary Resolution Total Votes For Against 1. To approve, confirm and ratify the sale and 571,122,635 0 571,122,635 purchase agreement (the “Sale and (100%) (0%) Purchase Agreement”) entered into among Phoenix Ocean Developments Limited (華秦發展有限公司), the Company and HNW Investment Fund SPC acting for the account of and on behalf of Serica Segregated Portfolio in relation to the disposal of the entire issued shares of City Turbo Limited (港名有限公司) (the “Target Company”) (including the entire assets, rights and liabilities of the Target Company) at the consideration in the sum of approximately HK$2,037 million, and the transactions contemplated under the Sale and Purchase Agreement.

Please refer to the EGM Notice for details of the Resolution.

Upon approval by more than half of the Shareholders (including proxies) with voting rights who attended the EGM, the Resolution was passed as an ordinary resolution by poll.

Notes:

(a) As at the date of the EGM, the issued share capital of the Company comprised 748,366,000 Shares of HK$0.10 each.

(b) The total number of Shares entitling the holders to attend and vote only against the Resolution at the EGM: Nil.

(c) The total number of Shares entitling the holders to attend and to vote for or against the Resolution at the EGM: 748,366,000 Shares.

(d) (i) There were no Shares entitling the holders to attend and abstain from voting in favour at the EGM as set out in Rule 13.40 of the Listing Rules; (ii) no Shareholders had stated their intention in the Circular to vote against or abstain from voting on the Resolution at the EGM; and (iii) no Shareholder was required to abstain from voting at the EGM.

- 2 - The Company’s Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, was appointed as the scrutineer for the poll voting at the EGM.

By order of the Board Overseas Chinese Town (Asia) Holdings Limited Zhang Dafan Chairman

Hong Kong, 31 December 2020

As at the date of this announcement, the Board comprises seven Directors, namely: Mr. Zhang Dafan, Ms. Xie Mei and Mr. Lin Kaihua as executive Directors; Mr. Wang Wenjin as non-executive Director; Ms. Wong Wai Ling, Mr. Lam Sing Kwong Simon and Mr. Chu Wing Yiu as independent non-executive Directors.

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